Brazil Presidential Candidate Silva Moots Price on Carbon

Posted by Joseph R. Fonseca
Saturday, August 30, 2014

 

Brazilian presidential candidate Marina Silva plans to put a price on greenhouse gas emissions and implement a national carbon market if elected, according to policy proposals released on Friday.

In the document, the coalition behind Silva's candidacy said the measures would help Brazil rein in emissions, which are on the verge of rising again after years of successfully being cut.

Brazil had reduced its carbon emissions from 2.85 billion tonnes of CO2e (carbon dioxide equivalent) in 1995 to 1.48 billion in 2012, mainly due to a sharp reduction in deforestation after the adoption of tougher legislation and a satellite-based system to monitor forest loss.

But large increases in thermal power generation and agricultural production have recently threatened to reverse the trend.

Besides carbon pricing and the carbon market, Silva's coalition plans to use tax tools to encourage the use of cleaner energy, enforce a halt on forest losses, and implement financial compensation for landowners who preserve biodiversity.

The Brazilian presidential race was upended by the late entry of Silva, a popular environmentalist, following the death of her party's previous candidate, Eduardo Campos, in a plane crash on Aug. 13.

Talking to journalists after the announcement of the proposals Friday, Silva said that she would deepen Brazil's commitment to reduce heat-trapping gases at the Paris round of climate talks, in 2015, when a new global deal to replace the Kyoto Protocol is expected to be clinched.

Brazil's current target is to reduce these gases by up to 39 percent against projected trends by 2020.

(Reporting by Marcelo Teixeira; Editing by Leslie Adler)
 

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Matson Raises Guam, Micronesia Rates

Matson, Inc., a U.S. carrier in the Pacific, announced today that Matson Navigation Company, Inc. will raise its rates for the company's Guam/Commonwealth of the

Shipbuilding Regulations: Cents and Sensibility

Addressing the Jones Act is just one aspect of an increasingly complicated boatbuilding environment. Stovepiped, poorly conceived regulations is another. The sting of the recession is fading,

Ship Broker Clarkson Looks to Acquire Platou

Top ship broker Clarkson is seeking to acquire Norwegian brokerage and investment bank RS Platou for 281.2 million pounds ($441 million) in a deal that would create

Environmental

What’s All the Noise at IMO?

Shipping may think they hear the sound of new regulations as they are slammed onto their desks.  What is all the noise concerning noise at IMO?  This may very well be the question from ship owners,

Will Congress Pass Any Maritime Legislation in 2014?

Following its usual summer break over August 2014, Congress came back from its five-week summer recess and spent a whopping eight days or so back in session before recessing once again,

ICS Addresses OECD Shipbuilding Working Party

The OECD should be cautious about becoming involved in the question of what constitutes an ‘eco-ship’, the International Chamber of Shipping (ICS) said to governments

Energy

Woodside to Pick up Moroccan Acreage

Woodside advises that it has entered into a contract for an exclusive Reconnaissance Licence (RL) with the Office National des Hydrocarbures et des Mines, the

Gazprom & Eni Close Rank

Sochi hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Claudio Descalzi, Chief Operating Officer of Eni.

PGS Moves Asia Pacific HQ to Malaysia

Petroleum Geo-Services ASA : Kuala Lumpur Becomes the New Asia Pacific Regional Headquarters As a part of the plan to restructure PGS business activities

News

Woodside to Pick up Moroccan Acreage

Woodside advises that it has entered into a contract for an exclusive Reconnaissance Licence (RL) with the Office National des Hydrocarbures et des Mines, the

Gazprom & Eni Close Rank

Sochi hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Claudio Descalzi, Chief Operating Officer of Eni.

PGS Moves Asia Pacific HQ to Malaysia

Petroleum Geo-Services ASA : Kuala Lumpur Becomes the New Asia Pacific Regional Headquarters As a part of the plan to restructure PGS business activities

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1276 sec (8 req/sec)